SYMPHONY ENVIRONMENTAL TECHNOLOGIES PLC

1. SYMPHONY ENVIRONMENTAL TECHNOLOGIES PLC 2007-03-19 → present
2. SYMPHONY PLASTIC TECHNOLOGIES PLC 2000-02-25 → 2007-03-19
3. SPI-TEK PLC. 1998-12-11 → 2000-02-25
4. FORMLIST LIMITED 1998-12-01 → 1998-12-11

Values shown as filed in the company's annual accounts. — indicates the figure wasn't present under that line item in that period. About these numbers

Margins divide P&L lines by turnover. Gearing is liabilities over total assets. Current ratio is current assets over creditors falling due within one year. Interest cover is operating profit over absolute finance costs. Sector-distribution context coming next.

Accounting basis

UK-adopted International Accounting Standards

Reporting scope

Consolidated group

Auditor

Forvis Mazars LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“During 2024 the Group significantly reduced its operating loss to £1.09 million (2023: loss £1.99 million) with a slight increase in revenues and significant increase in gross margins to 46%. The Group has also continued to materially reduce costs without impacting the Group's multiple sales opportunities. These costs are set to fall further in Q2 2025 with a planned reduction in facility costs. This has led to the Group starting in Q1 2025 close to operating break-even that should improve further (see below). On the basis of current financial projections, which have been drawn out to the end of 2026, including a sensitised cash flow analysis (sensitised by considering reduced revenues in key growth markets being the main area of forecast risk), together with available funds and facilities, and a £2.25 million equity fundraise since the year end (see Events since statement of financial position Note 24) the Directors are satisfied that the Group has adequate resources to continue in operational existence for at least 12 months from the date of approval of the financial statements, and accordingly, continue to adopt the going concern basis in preparing the Group and Company financial statements.”

Group structure

1. SYMPHONY ENVIRONMENTAL TECHNOLOGIES PLC · parent
   1. Symphony Environmental Limited 100% · England and Wales · Development and supply of environmental plastic additives and products
   2. D2W Limited 100% · England and Wales · Dormant
   3. Symphony Recycling Technologies Limited 100% · England and Wales · Dormant
   4. Symphony Energy Limited 100% · England and Wales · Dormant

Significant events

• “Since the year end, the Group has raised £2.25 million pursuant to an equity subscription for 11,264,875 new ordinary shares.”
• “The significant shareholders in the Company (holding shares in excess of 3%) as at 31 December 2024 were as follows: Somerston Environmental Technologies Limited (21.32%), Sea Pearl Ventures Limited (20.67%), M Laurier (11.74%).”

Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers

Filings

6

last 12 months

Capital events

4

last 24 months

Officers appointed

0

last 12 months

Officers resigned

0

last 12 months

Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.